[ANN] - OAX Foundation

[REF Crypto]

good project. awaiting information from you. very happy

[bokr57]

good news about the demo version of the exchange. to be honest, i thought that the prototype would be launched at the end of the month. the exchange looks pretty good, although i would rather have a lighter background. i hope, in the release will be the possibility of it choice.

[Fidelmi]

If we say about any project which has full chance to become big in future and still isn't catching eyes of people is OAX. They are not hyping and using all energy and sources on development and making relations on other businesses. It seems that when working platform will be ready they will go with full strength to market it.

[Bazzzil86]

https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=OAX+%28OAX%29&SortBy=0 Release already tommorow?

[nghochoi1248]

How long will this project last?

[easyrimka]

very good news , the demo will attract more investors !

[bitvoyager]

https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=OAX+%28OAX%29&SortBy=0 Release already tommorow?

Hi Bazzzil86

OAX Foundation Revolutionizes Digital Asset Trading with Launch of Decentralized Platform Prototype


HONG KONG — June 22, 2018 — OAX Foundation Limited today announced it has successfully launched a prototype of the OAX project, a new decentralized platform for the trading of digital assets which utilizes some of the latest blockchain technology.

Both the traditional centralized exchange and existing decentralized exchange models have inherent weaknesses limiting their potential to service the rapidly developing digital asset market. These weaknesses are also a hindrance to widespread acceptance of tokens as an asset class. The OAX platform addresses these shortcomings whilst combining the best elements of both trading systems.

The development of the OAX platform is led by Enuma Technologies, a leading blockchain engineering firm. The current prototype utilizes the 0x Protocol for order settlement with Whisper based communication to maintain a distributed order book. This is a unique solution combining off-chain decentralized order books with on-chain settlement. However, as previously announced, the later stages of the project will focus on the deployment of Sprites. Sprites is a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and low cost.

Enuma in May was awarded a grant by the Ethereum Foundation to help further the implementation of Sprites. The OAX project will be one of Sprites’s first real-world applications.

The prototype launch comes on schedule and is now available for testing at a publicly-accessible URL. It will be refined using the Continuous Delivery engineering approach, meaning that updates and improvements will be made to the prototype continuously as the OAX development team collects feedback from the community.

OAX Foundation will announce a series of campaigns in the coming weeks to encourage the public to test and give feedback on the prototype.

Amanda Liu, General Manager of OAX Foundation, said, “The launch today of the OAX platform prototype is a significant milestone in our mission to revolutionize digital asset trading. Since we first launched the project, we have put in place the people, systems and technology that together have brought about the successful delivery of this crucial stage, on time and on budget. We remain focused on delivering greater technology and standards for the digital asset industry.”


The prototype is now accessible at the following URL: https://dex.demo.oax.org/#/


The article on Medium:
https://medium.com/@OAX_Foundation/oax-foundation-revolutionizes-digital-asset-trading-with-launch-of-decentralized-platform-prototype-f64c78207e68

The official site: https://www.oax.org/en/

[ssteinb86]

Well presented, cheers for the whole idea!

[JohnDoe3490]

OAX Foundation are pleased to bring you more exciting news today. Firstly, we are airdropping 5,000,000 OAX Tokens to reward token holders for their commitment to the project. Secondly, there will be no token sale this year as OAX has sufficient financial resources to fund its current development program.

[Vitamin_52]

OAX Announces 5 Million Airdrop; No Token Sale Planned for 2018

https://medium.com/@OAX_Foundation/oax-announces-5-million-airdrop-no-token-sale-planned-for-2018-25953d9d6351


Following the recent successful launch of our platform prototype, we at OAX Foundation are pleased to bring you more exciting news today. Firstly, we are airdropping 5,000,000 OAX Tokens to reward token holders for their commitment to the project. Secondly, there will be no token sale this year as OAX has sufficient financial resources to fund its current development program.

When is the Airdrop?

Between July 16, 2018 and Jan 15, 2019.

The airdrop will be allocated based on the level of token holdings utilizing a formula to be published shortly and which encourages commitment to the project.

We will announce the specific details and conditions very soon. Please keep following us through the website and social media channels.

What Else is Happening?

While we’re not planning any token sale this year, there are many other exciting developments surrounding the OAX project. Over the next few months, we will announce more strategic partnerships and new projects to position ourselves for the platform’s going fully-live next year.

Prior to the prototype launch, in May we announced the strengthening of our relationship with the Ethereum Foundation Grant-winning Enuma Technologies, who is leading the development of the OAX platform.

So what is the team focusing on after the prototype launch? For the project’s second phase, our development team will be busy deploying SPRITES, a new blockchain technology that will create a decentralized solution combining industry-leading speed, high transaction volume and lower cost.

We are confident that this new technology, together with our decentralized, shared order books, will help to elevate the OAX Platform to the next level, realizing the full potential and value of the project thereby maximizing the liquidity of the ecosystem.

Have you tried the OAX Platform prototype yet? Be sure to sign up for the “Leave-A-Question” campaign on Reddit and participate in the AMA on Telegram on July 5, Thursday, 5pm.

About the OAX Foundation

OAX Foundation Limited (the “Foundation”) is a Hong Kong-based, not-for-profit entity set up to promote the real-world application of the OAX platform, an open, transparent and decentralized exchange for digital assets. It aims to build a sustainable digital asset industry based on principles of strong governance.

[Svitan]

Very surprised and also disappointing to learn that there will be an airdrop which increases the supply of OAX by 5,000,000 or 20% of the current circulation.  This will definitely hurt the OAX price, in particular in such a bear market.

Thr OAX has dropped 70% against ETH since the token sale.  Please stop doing anything further hurting the already fragile price!!!!!!!!

[fakeshadow]

5,000,000 OAX COINS dropped by air, which is really not good news, the OAX coin has been a heavy elephant since its release.

[CORNEL]

Very surprised and also disappointing to learn that there will be an airdrop which increases the supply of OAX by 5,000,000 or 20% of the current circulation.  This will definitely hurt the OAX price, in particular in such a bear market.

Thr OAX has dropped 70% against ETH since the token sale.  Please stop doing anything further hurting the already fragile price!!!!!!!!

https://medium.com/@OAX_Foundation/oax-announces-5-million-airdrop-no-token-sale-planned-for-2018-25953d9d6351

Read this update carefully this will continue for 6 month they will make this airdrop in different parts. I think this good decision it will make attractive this coin and people will buy more to take advantage to get more tokens for free.

[Guardsman]

Of course, the release of 5,000,000 coins will negatively affect the price of the coin, but consider what will happen during a very long period and will not be avalanche-like. And the price for 70% fell not through the fault of the OAX project but because of the general situation on the market.

[codemanX]

Very surprised and also disappointing to learn that there will be an airdrop which increases the supply of OAX by 5,000,000 or 20% of the current circulation.  This will definitely hurt the OAX price, in particular in such a bear market.

Thr OAX has dropped 70% against ETH since the token sale.  Please stop doing anything further hurting the already fragile price!!!!!!!!

https://medium.com/@OAX_Foundation/oax-announces-5-million-airdrop-no-token-sale-planned-for-2018-25953d9d6351

Read this update carefully this will continue for 6 month they will make this airdrop in different parts. I think this good decision it will make attractive this coin and people will buy more to take advantage to get more tokens for free.

I just hope the airdrop will be a huge benefit especially for long time holder - I've bought my OAX 376 days ago in the ICO and never touched them.

[virasisog]

Very surprised and also disappointing to learn that there will be an airdrop which increases the supply of OAX by 5,000,000 or 20% of the current circulation.  This will definitely hurt the OAX price, in particular in such a bear market.

Thr OAX has dropped 70% against ETH since the token sale.  Please stop doing anything further hurting the already fragile price!!!!!!!!

https://medium.com/@OAX_Foundation/oax-announces-5-million-airdrop-no-token-sale-planned-for-2018-25953d9d6351

Read this update carefully this will continue for 6 month they will make this airdrop in different parts. I think this good decision it will make attractive this coin and people will buy more to take advantage to get more tokens for free.

I just hope the airdrop will be a huge benefit especially for long time holder - I've bought my OAX 376 days ago in the ICO and never touched them.

Well congrats you are one of the earliest people who bought and hodl the OAX token, its been a year that i am also holding and trading this token to get more for long term i started from 1k pcs then making 5k and until now i am aiming for more my capital was out of it.

[bitvoyager]

We are hosting an online AMA (Ask Me Anything) on the OAX Telegram channel - https://t.me/openanxteam

Time - between 5:00 pm and 6:00 pm (Hong Kong Time), July 5, 2018

Welcome to participate and ask the OAX team about everything what is interesting for you!

[bitvoyager]

OAX Dev AMA "Ask me Anything" LIVE right now on the official Telegram channel! > https://t.me/openanxteam

Welcome to participate and ask OAX team everything you'd like to know about the project and Foundation in general.

[murgut]

i want in this airdrop. of course it will affect the price but the user base will grow and that is a positive aspect for the coin.

[codemanX]

It was a great AMA, please post the questions and answers here or do a Medium post for the guys who didn't know about it - I joined a bit late too